Gigasun AB (publ) engages Standard Chartered Bank (Hong Kong) Limited as Financial Adviser for Strategic Review

Gigasun AB is delighted to announce that it has engaged Standard Chartered Bank (Hong Kong) Limited as its financial adviser for a strategic review. The review will evaluate a variety of options available to Gigasun to support its long-term growth objectives and enhance shareholder value.

The strategic review underscores Gigasun's proactive approach to navigating the rapidly evolving energy sector and the changing geopolitical landscape, ensuring that it remains well-positioned to capitalise on emerging opportunities and tackle challenges effectively.

Max Metelius, CEO of Gigasun, comments:

"Our first and foremost priority is to create value for our shareholders. Our present market capitalisation on First North Growth Market does not reflect the inherent value of our business. Together with our financial adviser, we will explore different options primarily in China (including Hong Kong) and Singapore, with the intent to unlock Gigasun’s intrinsic value for the benefit of our existing shareholders."

Standard Chartered is a leading international cross-border bank, with a presence in 53 of the world’s most dynamic markets.